Page 18 - India Economy

India's second Covid-19 wave may impede economic recovery, says S&P

(Reuters) - Credit rating agency S&P Global said on Wednesday the second wave of COVID-19 infections in India could impede the country's economic recovery and expose other nations to further waves of outbreaks.

India didn't plan; now Covid spike is sucking the oxygen out of its people

People risk not having access to a life-saving element as country struggles to cope with nearly 300,000 new daily coronavirus cases.

Cyclone Amphan resulted in $14 bn economic losses in India: UN report

Cyclone Amphan, which made landfall in May last year near the India-Bangladesh border, was the costliest tropical cyclone on record for the North Indian Ocean

Do top economics journals hold women authors to higher standards than men?

Since 1990, women comprise "only 11 per cent of all authors published in top economic journals" even though they make up between 20-30 per cent of the total number of economists

India sees job losses as states impose lockdowns to check new Covid-19 wave

Unemployment touched 8.6% for the week ending April 11, from 6.7% two weeks ago, showed data by CMIE.

India, China and US driving global growth: World Bank's David Malpass

David Malpass also expressed concern over growing inequality due to the Covid-19 pandemic

Manufacturing PMI falls to 7-month low in March as Covid cases rise

Employment declined in March, says report as central bank's committee meets for monetary policy.

World Bank ups FY22 GDP growth projection for India by 4.7 percentage pts

Pegs economic growth at 10.1%, also gives range of 7.5-12.5% given Covid-induced uncertainty

Markets slump as coronavirus cases rise, global recovery turns uncertain

Nifty ended at 14,549, with a decline of 265 points or 1.8 per cent. Sensex ended at 49,180, falling 871 points or 1.7 per cent.

Delhi's economy estimated to contract by 3.92 pc in FY'21: Survey

This is according to Delhi Economic Survey 2020-21

Coronavirus-hit Maharashtra economy to contract by 8% in FY21: Survey

Industry and services sectors bore the brunt of the pandemic-driven economic disruption

Frontloading of govt expenditure to drive private investment: Report

The government should prioritize executing infrastructure projects and frontload its spending during the first half of fiscal year starting April 1, to encourage private investment and support economic recovery, says a report. According to Dun & Bradstreet's latest Economy Observer, new private investment is also likely to remain constrained in the near term given that revival of both domestic and external demand remains uncertain. "The government should prioritize executing the infrastructure projects and frontload its spending during H1 of FY22 to encourage private investment. This along with the increase in hiring of employees by firms would support the recovery of demand," said Arun Singh, Global Chief Economist, Dun & Bradstreet. According to the D&B COVID-19 Commerce Disruption Tracker, as of end-January 2021, only 31 per cent of businesses in India remained disrupted, an improvement when compared to the July 2020 data of 81 per cent, and also over other major ...

Unleash animal spirits to put economy on recovery path: FM tells India Inc

Asks rating agencies to be mindful of relative spending spree of economies

Budget 2021 a big effort by govt to boost country's economic recovery: S&P

The rating agency, in a statement, said it currently sees no material effect from the Budget on India's key credit factors

An expansionary Budget, aimed at fostering growth and balanced development

The Budget has managed to "balance" the industrial development needs with those of the social and rural sectors

Economic Survey 2020-21 endorses continuation of expansionary fiscal stance

The Survey is also bullish about medium-term growth prospects, largely due to the expenditure support and various reforms.

Economic Survey 2020-21 prioritises growth over fiscal consolidation

India's recovery can be faster than many other economies if the budgetary allocations are appropriately prioritized, writes D K Srivastava.

Economic Survey pegs India's real economic growth in 2021-22 at 11%

India's economy could contract 7.7 per cent in the financial year that ends on March 31, the survey said.

Reality check on economic surveys: A case of hits and misses on GDP numbers

Of the seven surveys presented under Modi govt, predictions of three were quite close to the actual GDP growth rate, one saw the base year change in between, but the last three were way off the mark

No surprises in first advance estimate of GDP, govt expenditure crucial

Rural economy is helping consumption demand, but it is inadequate to compensate for the loss of urban demand.